Morpheus to add paid service in about 4 weeks

Japser used our newssubmit to tell us that the CEO of Morpheus has announced the service will add a pay service in four weeks.

Morpheus content, which consists of music and video files, will be wrapped in a secure way and will cost 15 cents to 25 cents, said Steve Griffin, chief executive officer of closely held Streamcast Networks, which owns Morpheus. The music and videos will initially come from independent labels and artists.

Walt Disney Co., AOL Time Warner Inc. and nearly 30 other movie and record labels sued file-sharing services Morpheus and Grokster in October, accusing them of the same type of copyright violations with which Napster Inc. was charged.

``In theory it makes sense, in terms of implementing it technically there could be problems,'' said Phil Leigh, an analyst at Raymond James & Associates.

For those that are afraid it will be end of free sharing, don't worry, Morpheus plans to continue its free service

Source: Bloomberg.com